Saturday, October 15, 2005

War for $20 a Barrell of Oil - Rupert Murdoch

The greatest thing to come out of this [war on Iraq] for the world economy, if you could put it that way, would be a $20 a barrell of oil.

Rupert Murdoch cited by Paul Krugman, The Oil Crunch, NYT, May 7, 2004

"Given the choice, it's better to be viewed as a foot soldier for Bush than a spokeswoman for al-Qaeda." Said Murdoch of the war, "The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in any country."

Informed Content, Juan Cole, October 24, 2005

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